Theoretical conundrums and compliance issues Multistate taxation has never been more relevant. This course helps you skillfully navigate the maze of corporate tax codes across jurisdictions. Learners get fresh perspectives on:
Interstate activity and nexus
Modifications to federal tax income to arrive at state taxable income
Allocation and apportionment
Filing methods for multistate taxpayers By spotlighting updates on the latest state tax reforms, this course will help you develop a working knowledge of both multistate tax compliance and related planning opportunities.
Learning Objectives
Identify the history of the Multistate Tax Commission and Uniform Division of Income for Tax Purposes Act.
Distinguish between income tax and sales tax nexus.
Identify the limitations of Public Law 86-272.
Identify the most common additions to federal taxable income.
Identify the most common subtractions from federal taxable income.
Apply the tests for determining business and nonbusiness income.
Determine the components of the traditional Massachusetts formula.
Major Topics
Constitutional limits and Public Law 86-272
Interstate activity
Nexus, UDITPA and MTC
Calculation of state taxable income
Filing methods for multistate taxpayers
Apportionment and allocation
Multistate income tax planning
CPE Credits Available
8 CPE Credits
8
Taxes
Things to Know About This Course
Course Level
Intermediate
Professional Area of Focus
Tax;Taxation
Prerequisites
Working knowledge of federal income taxation
Advanced Preparation
None
Intended Audience
- Tax practitioners who have clients working in numerous states.
